D4 Biodiesel RINs (OPIS) BALMO Futures - Contract Specs
| Contract Unit | 50,000 RIN |
|---|---|
| Price Quotation | U.S. dollars and cents per RIN |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m. CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.0001 per RIN = $5.00 |
| Product Code | CME Globex: R4B CME ClearPort: R4B Clearing: R4B |
| Listed Contracts | Monthly BALMO contracts listed for 3 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the balance-of-month arithmetic average of the high and low quotations from OPIS for current year “U.S. Biodiesel RINs” price for each business day during the contract month, starting from the selected start date through the end of the month. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | NYMEX 1306 |
| Block Minimum | |
| Vendor Codes |
